Honeywell AAM Business Racks Up $10B Worth of Contracts

Known more for its work with traditional aviation manufacturers and airlines, Honeywell is also heavily invested in the advanced air mobility space—and vice versa.

Jack Daleo

Tuesday, November 14, 2023 at 12:55 PM ET

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The seven-seat Lilium Jet is one of several eVTOL aircraft integrated with Honeywell technology and systems. [Courtesy: Lilium]

Key Takeaways:

Honeywell's Advanced Air Mobility (AAM) business unit has secured over $10 billion in lifetime value contracts within three years of its launch.
The company supplies essential avionics and propulsion technologies ("brains, muscles, and senses") for AAM aircraft, partnering with major eVTOL and drone manufacturers.
Honeywell is committed to transforming future travel and delivery services through AAM, envisioning significantly faster journeys and package delivery.
Alongside Garmin, Honeywell is a dominant supplier of systems to leading electric air taxi players, making its technological integrations critical for the industry's success.

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Advanced air mobility (AAM) is already a multibillion-dollar business. It certainly is for Honeywell, as the company reported at the Dubai Airshow in the United Arab Emirates.

The aerospace and defense manufacturer on Sunday said its AAM business unit has now won contracts worth more than $10 billion, just three years after it was launched. That figure represents Honeywell’s estimate of the contracts’ lifetime value, which the company based on an internal forecast of the number of AAM vehicles it expects to be built.